Newsletter
Adjusting for Inflation
Abstract: As inflation raises the overall price level in an economy, the purchasing power of the dollar decreases and both borrowing and lending costs increase. The January 2023 issue of Page One Economics discusses how price indexes can be used to transform nominal wages and interest rates into real, or inflation-adjusted, values.
Keywords: inflation; Consumer Price Index (CPI); interest rates;
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Provider: Federal Reserve Bank of St. Louis
Part of Series: Page One Economics Newsletter
Publication Date: 2023-01
Pages: 7 pages